Agency
In South Carolina, which of the following is TRUE about a buyer's agency agreement?
AIt is always required by SC law before showing a property
BIt establishes the fiduciary relationship between the buyer and the buyer's agent/brokerage✓ Correct
CIt automatically expires after 30 days
DIt cannot specify a commission amount
Explanation
A buyer's agency agreement creates the formal fiduciary relationship between the buyer and the brokerage. It defines the agent's duties, the duration of the agreement, the properties covered, and the compensation arrangement.
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